Tyson Foods, Inc. (NYSE:TSN) Receives $61.10 Consensus Price Target from Brokerages

Shares of Tyson Foods, Inc. (NYSE:TSN - Get Free Report) have earned an average recommendation of "Hold" from the eleven analysts that are covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $61.10.

A number of research analysts recently commented on TSN shares. Stephens raised their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. UBS Group started coverage on Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target on the stock. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a report on Tuesday, February 4th. Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Finally, Citigroup cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, January 31st.

Institutional Investors Weigh In On Tyson Foods

A number of large investors have recently made changes to their positions in TSN. Norges Bank purchased a new position in Tyson Foods during the 4th quarter worth approximately $175,086,000. State Street Corp grew its holdings in shares of Tyson Foods by 6.9% during the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after buying an additional 859,351 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Tyson Foods by 83.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock valued at $69,601,000 after buying an additional 551,530 shares during the period. Barclays PLC raised its position in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after buying an additional 446,648 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock worth $190,454,000 after acquiring an additional 427,582 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

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Tyson Foods Stock Performance

TSN traded down $3.71 during trading hours on Tuesday, hitting $59.85. 3,322,206 shares of the stock were exchanged, compared to its average volume of 2,298,667. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods has a 12 month low of $53.61 and a 12 month high of $66.88. The stock has a 50-day simple moving average of $59.77 and a 200-day simple moving average of $59.65. The stock has a market cap of $21.32 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Analysts anticipate that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's payout ratio is 67.57%.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.